Bunch of optimistic news from Europe

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"While we shouldn't lose sight of the fact that the region is growing again, in marked contrast to the decline seen earlier in the year, it's clearly a concern that the rate of growth remains so fragile"
- Chris Williamson, Markit's chief economist 

Analysts are making their bets on which instrument Mario Draghi will use next in order to boost growth and inflation. But there is a possibility no additional measures will be required, as Greece's lawmakers passed next year's budget, the Bank of France revised up its growth outlook, while Germany logged a solid trade surplus, even though it was below analysts' forecasts. 

Over the weekend the Greek parliament approved a budget plan for 2014, which includes further austerity measures that are supposed to pull the country out from its six-year recession. The latest budget plan marks a hope for economic stabilization, and according to the latest forecasts, GDP is likely to rise 0.6% next year, while this year the economy is still likely to contract by 4%. 

Also Monday, the Bank of France upgraded its Q4 outlook, saying Europe's second largest economy will add 0.5% in the three months ended in December 31, the figure 0.1% more than expected earlier. The main boost is likely to come from French factories, as the gauge of business sentiment climbed to 101 last month.

Meanwhile, the single currency was hovering around the highest level since October 31, as Germany reported a trade surplus of 1.79 billion euros, from 20.3 in September, slightly below analysts' forecasts for a 18.3 surplus. 

© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.